As a business owner, are you worried about an IRS audit? The good news is that the odds against being audited are in your favor. The IRS audited 0.6% of individuals in fiscal year 2018. Businesses and high-income people are more likely to be audited, but audit rates are historically low. However, some tax return
IRS notice Archives - Crawford Ellenbogen
Oct 2, 2019
The chances of an IRS audit are low, but business owners should be prepared
- By Ellenbogen
- Business, Taxes
- 0 Comments
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Jul 9, 2019
What to do if your nonprofit receives an IRS audit letter
- By Ellenbogen
- Non-Profit
- 0 Comments
The IRS’s staffing shortages have been well publicized. But it’s a mistake to assume that the agency has stopped scrutinizing not-for-profits. Don’t panic if you receive an audit letter. The letter will inform about whether the IRS is conducting an in-person, field audit or a correspondence audit. This second type simply requires you to send